Certainly you don't think pros are buying companies with market caps of 6 or 7 million dollars? Or do you? I think you are probably right that pros are looking at smaller market caps I just figure that the level they are looking is still above what many of our companies are at.
On the other hand it could also be a function of the fact that a few years ago the markets had got done tanking and that resulted in a bottom with lots of deals. Now that we are further into a bull market alot of those deals are gone.
Personally I am finding the best deals in Canada right now.
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